Economic Democracy, written by Clifford Hugh Douglas and published in 1920, is a book that explores the concept of economic democracy as an alternative to the prevailing economic systems of the time. The author argues that capitalism and socialism are both flawed and that a new system is needed to ensure economic justice and stability.The book begins by examining the shortcomings of capitalism, such as the concentration of wealth and power in the hands of a few, and the exploitation of workers. Douglas then critiques ...
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Economic Democracy, written by Clifford Hugh Douglas and published in 1920, is a book that explores the concept of economic democracy as an alternative to the prevailing economic systems of the time. The author argues that capitalism and socialism are both flawed and that a new system is needed to ensure economic justice and stability.The book begins by examining the shortcomings of capitalism, such as the concentration of wealth and power in the hands of a few, and the exploitation of workers. Douglas then critiques socialism, arguing that it relies too heavily on government control and does not adequately address the issue of individual freedom.The author proposes a new economic system based on the principles of economic democracy, which would give workers greater control over their workplaces and ensure that the benefits of economic growth are shared more evenly. He advocates for the creation of a system of ""social credit"" that would provide a basic income for all citizens and facilitate the equitable distribution of wealth.Throughout the book, Douglas draws on examples from history and contemporary society to illustrate the potential benefits of economic democracy. He also addresses criticisms and objections to his proposal, offering rebuttals and further elaborations on his ideas.Overall, Economic Democracy is a thought-provoking and influential work that continues to be studied and debated by economists, political scientists, and social theorists.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
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